We are pleased to share that S&P Global Ratings has upgraded Jordan’s long-term sovereign credit rating in both local and foreign currency from B+ to BB-, with a stable outlook. This marks the first credit rating upgrade for Jordan by S&P in 21 years, a significant achievement given the ongoing global and regional external challenges.
The stable outlook reflects S&P’s expectation that Jordan’s structural economic improvements will remain resilient, even amidst potential strains from the ongoing Israel-Hamas conflict. S&P highlights Jordan’s ability to effectively leverage international support and its strong domestic policy buffers to manage potential impacts on tourism and the broader economy.
This upgrade reflects the success of Jordan’s structural reforms and its resilience in navigating a complex economic landscape.
Lion’s Head Global Partners is honoured to serve as an advisor to the Ministry of Finance and remains committed to supporting Jordan in achieving its long-term economic objectives.
🔗 More on the upgrade here: https://www.jordannews.jo/Section-109/News/Market-Reacts-Positively-to-S-P-s-Upgrade-of-Jordan-s-Credit-Rating-37364
